Fiera Capital Corp lowered its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 306,681 shares of the restaurant operator’s stock after selling 44,074 shares during the period. Fiera Capital Corp owned approximately 1.01% of Ruth’s Hospitality Group worth $6,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RUTH. State of Alaska Department of Revenue increased its holdings in shares of Ruth’s Hospitality Group by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 5,826 shares of the restaurant operator’s stock worth $126,000 after buying an additional 2,536 shares during the period. Mason Street Advisors LLC increased its holdings in shares of Ruth’s Hospitality Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,935 shares of the restaurant operator’s stock worth $139,000 after buying an additional 455 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Ruth’s Hospitality Group by 9.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,860 shares of the restaurant operator’s stock worth $158,000 after buying an additional 689 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Ruth’s Hospitality Group in the first quarter worth about $184,000. Finally, HL Financial Services LLC purchased a new position in shares of Ruth’s Hospitality Group in the second quarter worth about $206,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

Several research analysts have recently commented on RUTH shares. BidaskClub downgraded Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price objective on shares of Ruth’s Hospitality Group in a report on Sunday, July 30th. Zacks Investment Research downgraded Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $24.00 price objective (up previously from $22.50) on shares of Ruth’s Hospitality Group in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.60.

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) opened at 20.60 on Friday. The stock has a market cap of $626.38 million, a P/E ratio of 20.36 and a beta of 0.32. Ruth’s Hospitality Group, Inc. has a 12-month low of $13.74 and a 12-month high of $22.65. The stock has a 50 day moving average price of $19.67 and a 200 day moving average price of $20.36.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, July 28th. The restaurant operator reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. The firm had revenue of $100.00 million during the quarter, compared to the consensus estimate of $99.34 million. During the same quarter last year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts forecast that Ruth’s Hospitality Group, Inc. will post $1.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, August 8th. Ruth’s Hospitality Group’s payout ratio is 35.64%.

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About Ruth’s Hospitality Group

Ruth’s Hospitality Group, Inc develops and operates fine dining restaurants under the name, Ruth’s Chris Steak House. The Company operates through two segments. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants.

Institutional Ownership by Quarter for Ruth`s Hospitality Group (NASDAQ:RUTH)

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